The Taxation Legislation Amendment Bill 2014 (WA) has passed the WA Legislative Council with amendments and will return to the Legislative Assembly for concurrence.
It proposes to amend the Duties Act 2008 (WA), Land Tax Assessment Act 2002 (WA), Pay-roll Tax Assessment Act 2002 (WA), and Taxation Administration Act 2003 (WA), to improve the efficacy of existing WA tax exemptions for charitable institutions.
Broadly, the amendments contained in the Bill seek to narrow the scope of the existing payroll tax, transfer duty and land tax exemptions as they apply to “fourth limb” charities (ie organisations that promote other purposes considered beneficial to the community).
Among other things, the amendments made in the Legislative Council aim to align the treatment of employer associations registered under various industrial relations legislation with trade unions.
[LTN 236, 5/12/14]